SolarWorld is a German company dedicated to the manufacture and marketing photovoltaic products worldwide by integrating all components of the solar value chain, from feedstock (polysilicon) to module production, from trade with solar panels to the promotion and construction of turn-key solar power systems. The group controls the development of solar power technologies at all levels in-house.
SolarWorld was founded in 1988 as individual company by engineer and chief executive officer Frank Asbeck, and engaged in projects to produce renewable energy. In 1998, these activities were transferred to the newly founded SolarWorld AG, which went public on 11 August 1999.
Shell divested its crystalline silicon solar business activities to SolarWorld.
SolarWorld has received German Sustainability Award in the category of “Germany’s Most Sustainable Production 2008“.
Within the SolarWorld Group many specialized workers are employed in the enterprise’s units located in Bonn (headquarters), Freiberg, Arnstadt, Germany, and Hillsboro, Oregon (US headquarters).
The business also has a facility in Hillsboro, Oregon. The newer Hillsboro factory was purchased in 2007 from Japan’s Komatsu Group. It is the largest solar cell manufacturing facility in North America.
Corporate headquarters in Bonn, Germany
SolarWorld AG has sales offices in Germany, Spain, USA, South Africa and Singapore.
In 2010, SolarWorld called for lowering Germany’s lucrative solar feed-in tariffs and its CEO, Frank Asbeck, supported a 10 percent to 15 percent drop for the incentives. In 2011, utility-scale solar power stations achieved grid parity for domestic consumers as guaranteed tariffs fell below retail electricity prices. Feed-in tariffs continued to drop well below the gross domestic electricity price. Since the beginning of 2012, newly installed, small rooftop PV system also have achieved grid parity. The current policy is to revise tariffs on a monthly basis reducing them by 1 percent unless actual deployment does not meet agreed upon targets. As of spring 2015, tariffs ranged from 8 to 12 euro-cents per kilowatt-hour depending on the PV system’s size.
A Yesari Group daughter company is the exclusive distributer of Solarworld modules for Bosnia and Herzegovina.